Generally most of the banks offers third party products like life insurance,mediclaim,mutual funds for their customers.

Bank sells mediclaim policies as per their tie up with certain insurance company.Banks sell individual plans as well they offer group mediclaim to their customers holding saving,current,deposit accounts.

Overview of Banks offering Group Mediclaim:

Bank Name

Associated Insurance Company

Mediclaim Plan

Idbi Bank

Bajaj Allianz General Insurance

IDBI Family Care

Bank Of Baroda

National Insurance Company Limited

Baroda Health

Bank Of India

National Insurance Company Limited

BOI Swastha Bima

Union Bank Of India

New India Assurance Company Ltd

Union Health Care

Aandhra Bank

United India Insurance

Andhra Bank Aarogyadaan

Federal Bank

Bajaj Allianz General Insurane

Federal Bank Family Floater Health Guard

Bank Of Maharashtra

United India Insurance

MahaBank Swastha Yojana

Corporation Bank

New India Assurance Company

Corp Mediclaim

Indian Overseas Bank

Universal Sompo general Insurance

IOB health Care Plus

OBC

Oriental Insurance

Oriental Bank Mediclaim

Indian Bank

United India Insurance

Indian Bank Arogyaraksha

PNB

Oriental Insurance

PNB-Oriental Royal Mediclaim

Syndicate Bank

United India Assurance

SyndArogya Mediclaim Policy

UCO Bank

Reliane General Insurance

UCO Medi + Care

Sample Premium Rates:

Sample premium rates for few of above, for sum insured of Rs 5 Lakh are as follows:

Plan

Premium for 5 lakh Sum Insured

IDBI Family Care

6,360/-

MahaBank Swastha Yojana

7,316/-

Oriental Bank Mediclaim Insurance

6,830/-

SyndArogya

7,316/-

Important Features of Mediclaim offered by Banks:

Mediclaim Facility available for bank account holder and its family through family floater option .

Policy duration is mostly for One policy year & renewable thereafter.

Entry age varies from policy to policy.Few policies offer entry age up to 54 years only while few allows it up to age of 65 years.

Account holder seeking for policy ,should take note of Policy exclusions. Pre-Existing illnesses (known or unknown) are mostly excluded for first Three policy years or or day care processes like Cataract Operation are excluded for first 1-2 policy years.

For policy enrolment,one need to submit proposal form at your branch.If there is any claim then its directly settled from insurance company / associated TPA.